Weath tax
This query is : Resolved
11 December 2014
In a proprietorship business proprietor invest Rs.1 crore for his business, thus it effect wealth tax at the time of wealth tax calculation.
As a director of a company director share capital of Rs.1 Lakh thus it effect wealth tax at the time of wealth tax calculation.
A property inherited in the year 1981 thus it valued in the year 1981 or current year for calculation of wealth tax.
Jewellery in the year 1992 thus it valued in the year 1992 or current year for calculation of wealth tax.
As a director of a company director share capital of Rs.1 Lakh thus it effect wealth tax at the time of wealth tax calculation.
A property inherited in the year 1981 thus it valued in the year 1981 or current year for calculation of wealth tax.
Jewellery in the year 1992 thus it valued in the year 1992 or current year for calculation of wealth tax.
11 December 2014
only if net assets of individual or huf or company when cal as per act exceeds rs 30 lakhs then chargeable at 1% of such excess else not.
12 December 2014
you have to take net assets if its over rs. 30 lacs then wealth tax applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITC Re-claimable Ledger
- Make-up ITC- Eligibility
- F & O Loss Audit Requirement
- Overtime income in salaried person case
- GST registration /aadion a new place of business in the same state and city
- RCM invoice related QRMP
- Upload Verification Error ITR 3 AY205-26
- Rectification of error U/s 154
- Regarding GST applicability on RWA
- New tax regime and old tax regime.
- Preparation of PL BS and presentation in ITR
- Late fee CMP-08 FY 2021-22
- Mismatch in gstr-1 and eway bill invoice no
- Clarification Regarding Tax Deduction at Source on Receipt Against Issuance of Privilege Voucher
- GST TDS on metal scrap
- ITC Inter head difference
- 80CCD(2) of IT ACT
- Guidance for proper GST accounting (eway bill with correct valuation) for cut-to-pack job work given
- GST Treatment multiple delivery services
- Sale of foreign shares in Indian Rupees - FEMA rules
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
